The world’s flagship Free Zone, Dubai Multi Commodities Centre (DMCC) has signed an agreement with the United States’ Brooklyn Chamber of Commerce to work together on several beneficial initiatives to promote trade and support the international expansion of American businesses through Dubai.
DMCC will join forces with the Brooklyn Chamber to support New York-based businesses in setting up their operations in Dubai, utilizing the emirate’s status as a gateway to some of the world’s fastest-growing markets.
Further, the partnership will look to facilitate the expansion of DMCC’s member companies into the US market.
“DMCC is thrilled to collaborate with the Brooklyn Chamber of Commerce to create new, mutual opportunities for growth across enterprise and culture. Both New York and Dubai are hyper-connected business hubs that share a forward-thinking dynamic landscape for trade. As Brooklyn continues to evolve, we look forward to working alongside the Brooklyn Chamber of Commerce, its future-driven organization, and 62,000 members, by providing them a path to grow and thrive in Dubai.”
According to the statement, “Given DMCC’s particular focus on commodities trade, the partnership will also see Brooklyn Chamber of Commerce promote the services offered by DMCC’s Dubai Diamond Exchange (DDE), Tea Centre, and Coffee Centre to commodities businesses within the New York business community.”
The DDE has played a key role in developing the UAE’s position as a world leader in the diamond industry.
As the US remains one of the leading consumer markets for the diamond and jewelry industries, the agreement with the Brooklyn Chamber of Commerce will look to further expand the UAE’s polished diamond trade market.
“Brooklyn has a well-earned reputation as an international brand and has long been known as a bridge to the world. We are happy to partner with DMCC to promote culture and commerce,” said Mr. Randy Peers, President, and CEO of Brooklyn Chamber.